MSPs to Capitalize on Strong Tech Spending

Managed service providers (MSPs) have reason to be optimistic as tech spending remains strong in 2023. That’s according to new CIO research from MSP Expereo.

Expereo’s Ben Elms

Despite widespread recession fears, tech spending is increasing across security, digital, cloud and the network, said Ben Elms, CRO for Expereo. In fact, 72% of large global enterprises have committed to, or are leaning toward, increased technology investment.

“Digital enablers like AI and machine learning, automation and analytics, and the internet of things rank near the top,” said Elms. “Then cloud environments, which will underpin the introduction of new digital enablers.”

However, the research shows that 49% of businesses are struggling to find cybersecurity experts. At the same time, 41% are having trouble finding artificial intelligence and machine learning experts.

“Global businesses will look to managed services to maintain and optimize technology stacks amid difficulties in hiring IT talent,” said Elms.

Click on the slideshow above for more insight from Expereo into what the research means for MSPs.